Can a dentist qualify as a “real estate professional” and be allowed to deduct rental real estate losses? Maybe. This article reviews a U.S. Tax Court case finding that a dentist who also operated a real estate business qualified for the real estate professional exception, based largely on his extensive documentation of the hours he’d spent. A short sidebar reviews a separate case in which an architect’s rental activity losses were upheld by the Tax Court.
Zarrinnegar v. Comm’r
, No. 2017-34 (Tax Ct. Jan. 13, 2017)
Franco v. Comm’r
, No. 2018-9 (Tax Ct. March 6, 2018)